These scare tactics are beyond my comprehension. We are worried that entry of Walmart would affect small retailers half way across the world Americans are scared that Indians would take away all their jobs. How much truth there is behind these claims is difficult to quantify. But I believe that globalization can do a lot of good to everybody. Imagine what life would have been had we been still driving Fiat padmini or only MTNL phone lines. The point is that globalization helps competition to thrive and end users are the ultimate beneficiaries.
Besides, Reliance retail has pledged to make its retail stores a low cost destination and if Walmart does not follow that lead, they would have to pack and go.
For the last 50 years the government has done a lot of damage to the economy in the name of protection. Now we realize that socialism was not the best of the choices.
Let Wal Mart come and see how people adapt themselves to the new environment and I believe retail stores would find a way around this threat. By consolidation........perhaps......
RE:How real is this threat?
by KRISHNA PRASAD on Apr 23, 2007 04:01 PM Permalink
Mr.Ashutosh, please remember that MTNL and BSNL are still offering cheap services and also in rural areas where private operators do not go. also note the exorbitant and excess billing resorted and complaints from public in courts on PVT telecom operators. My experience with them is worst. They charge for calls not made and claim it as data usage though no usage take place. I have filed a case against Reliance Mobile in court now
RE:How real is this threat?
by psycho on Apr 23, 2007 05:21 PM Permalink
MTNL and BSNL r providing good servicing because competation has increased.they have to survive.
RE:RE:How real is this threat?
by ItsMe on Apr 23, 2007 04:18 PM Permalink
dont use their phones.... bsnl should have brought mobile network into india 10 years before the private players came. they put india behind by several years, same with DSL technology.
remember we had to maintain a ratio card for milk.
RE:How real is this threat?
by krishna tripathi on Apr 23, 2007 04:48 PM Permalink
you r right but dont u think that the reduction in call tariffs of bsnl and mtnl are bcoz of the presence of private operators? i think yes. wht do u say prasad?
RE:How real is this threat?
by Aashish on Apr 23, 2007 04:08 PM Permalink
Mr.Ashutosh how much you know about globalization I have studied almost 50% of worlds economy still working on them. Globalization in india was started by narshima roa now please tell it is almost 10 years now can you tell me are you getting goods cheaper than what you were getting 10 years back my dear friend cost of land commodities fruits vegitable all are shooting up what are you getting cheaper now is gizmos which are not manufactured in india (china) my dear friend so at micro level I can tell you this will be very bad to shop owners Our politician should think in india main Occupation was agriculture becoz we had all those resources but now we will have to purchase every thing from other countries becoz our small farmers are bankrupt by using fertizer from AMERICA which are landed as credit loan to farmers
RE:[object]
by psycho on Apr 23, 2007 05:26 PM Permalink
u bark a lot , we can't remain a agriculture economy forever. can u go for agriculture , no competation should always be welcomed. nothing is permanent,everything has to change. yaah , we r not getting any cheaper good any more , but we r getting more no of goods & better quality goods.
